First-Price Sealed-Bid Auction
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A First-Price Sealed-Bid Auction is a first-price auction that is a sealed-bid auction.
- See: Second-Price Auction.
References
2020
- (Wikipedia, 2020) ⇒ https://en.wikipedia.org/wiki/First-price_sealed-bid_auction Retrieved:2020-2-27.
- A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids, so that no bidder knows the bid of any other participant. The highest bidder pays the price they submitted.